Skip to main content

tv   Bulls and Bears  FOX Business  July 26, 2015 2:00am-2:31am EDT

2:00 am
i read that. >> they're just somewhere else now. we'll link up again, some s. it's going to be a beach party. don't miss it. >> tomorrow on "fox & friends." >> see you at 6:00 a.m. gitmo's got to go, despite terror threats on the rise. the administration making new moves to close guantanamo bay. its reason? money. >> it's costing us millions and millions of dollars to house these people in cuba and they're better more efficient, effective ways to do that in the united states. >> will closing it cost america more? i'm brenda buttner. this is "bulls & bears." here they are, the bulls and bears this week gary b. smith, joe mas max faris, john layfield, lisa booth and sasha
2:01 am
burns. lisa gitmo has to go? >> i don't think it should at all. shame on the obama administration shame on president obama, because this isn't about the finances this isn't about money. this is about fulfilling a campaign promise and prioritizing that over the safety of the american people. we have to keep guantanamo bay open because not only is it in our nation's best security interest but our troops shouldn't have to face the same enemy twice. that's what's been happening. according to the u.s. intelligence director 30% of the gitmo terrorists that have been released have reengaged in terrorism. >> jonas, do you agree? >> i've criticized the cost a lot, $2.8 million per person by some estimates. there's nothing that makes sense in the department. is that person worth killing for a million dollars? probably not. how about the submarines which we'll talk about later? but anybody worth putting in prison at that cost is worth killing. if it's that big a threat you
2:02 am
have to keep them in prison at over a million dollars a person, that person is a big enough thet to kill. too much of a cost. release them put them in cheaper prisons or kill them. they shouldn't be going there in the first place. >> but there is a reason to keep them and that is to get information from them. john? >> yeah. and there's also a human rights problem there of just randomly going by and shooting prisoners because it's too expensive. >> i didn't expect that from jonas somehow. >> we're talking about cost here. and, look we have an example of this. the prison in southern iraq when it was closed in 2011 that is what formed the leadership of isis. and, yes, what does that cost? $2.74 billion so far is our fight against isis. $9.1 million is what we spend per day. i think there are cheaper ways to do gitmo. i'm not for it being in cuba, but there is no other plan. what's going to happen if you captured more on the battlefield of isis? where in the world do you put them? i agree with lisa.
2:03 am
this is a legacy issue, not a cost issue. i'm for shutting it down for cost but you have to have a backup plan where to house these people. >> absolutely. sasha sasha, gitmo was created after 9/11 when al qaeda terrorized us. now we hear from the fbi that isis is a worse threat than al qaeda. is the timing correct to close down gitmo? >> well, there are several reasons to close it. but for one thing, it was only supposed to be temporary. it was never supposed to be open for a decade. evener george w. bush said he wished he closed it. henry kissinger, colin powell hardly liberal pie in the sky types. but the economics are a major factor. you can put them in a security max prison in the u.s. it would cost $70,000 a year instead of this $2.5 million that we're doing. if we capture these people on
2:04 am
the battlefield in terms of isis we're hardly going to ship them all home. it's not going to happen. we'll find a place for them somewhere else. >> gary b., what do you think? >> when has the obama administration ever cared about costs? >> well that is a good point. but gary b. you care about costs and we've discussed this many times on this show. the question is now, when we are seeing this drum beat of attacks here at home and overseas. >> brenda i think you have two issues. i think you have one, you know, as john so eloquently put, you have the effectiveness of gitmo. i don't think anyone's arguing that. we need a gitmo. let's put it like that. then you have the cost and we've also talked about it costs about $100 million a year. i say open it to the free market. there's concerns well, no one would want it in my backyard. i'm willing to bet in a flint, michigan michigan or a detroit or some area like that that's depressed in the rust belt they would be
2:05 am
raising their hands to get this business. my god, you talk about a job generator, that's the one area where we should just pick up gitmo and move it to one of those areas. we still need a gitmo. if we don't have an alternative here in the continental united states then my gosh, we need to keep it down there in cuba. but barring that let's move it let's reduce the cost let the free market in this case work to solve all the problems. >> but, lisa we're talking about now, and gary makes a good point, there may be other alternatives, but now, when isis is a true threat worse than al qaeda. lisa? >> absolutely right. look there's no costs on protecting the american people when it comes to keeping individuals like the 9/11 mastermind off of the battlefield and away from united states citizens and away from americans. there's no price tag on that. that's the point here. that's what guantanamo bay has served as is a place to not only gather intelligence but to keep
2:06 am
some of these high-level -- we're talking about the worst of the worst that are still detained there -- away from the battlefield and away from the american people. >> and jonas, that's a very good point because these are the toughest cases that are left there in gitmo. a lot have left and gone on to other countries and rejoined terrorist organizations, but these are among the plotters of 9/11. >> which is another reason to -- >> let's stop the killing thing. >> okay. like it or not, we're trying to do deals with cuba and open it up and make it a tourist destination like it used to be before castro. you can't have our maximum-security prison in cuba and also try to have your embassies back there, your tourists. it's just not right. one would have to go with the oh. you have to find another place to put your worst people. yeah you can go visit the worst prison in the world. that's a little cold warish i think. >> gary b. there's your free
2:07 am
market at work right there. >> but, brenda you do bring up a very good point when you say now. this is what -- you know, president obama wants to close gitmo. what is his alternative? it seems just release the bad guys out so they can do more harm. that's the problem. i argue that we should have eventually have an alternative, we should be looking for that, but right now we don't, so keep gitmo. as lisa says we need to safeguard our lives. >> sascha, you're shaking your head. >> there's no release to be talked about. it's transfer put them in a security max prison. >> but there are no details to that. we've been hearing about closing gitmo from the very beginning of this administration but there hasn't been an alternative. >> well there have been people that have been released as they've been cleared. >> and they've gone back to terrorist organizations. >> and reengaged in terrorism, exactly. >> yeah. >> well there are a lot of different numbers with the commander -- >> one, even one.
2:08 am
>> -- 6.7. okay. i can agree with that. but in terms of this argument we're not talking about releasing them. we're talking about transferring them. >> you're also talking about putting a target on the back of a state like michigan wherever we end up housing these individuals. we're talking about guantanamo bay as an incredibly secure facility set up to house these high-level individuals and it should absolutely stay open. john? >> that doesn't hold water. you' people escape from max prisons. i'm for moving it but there's not a super max prison that has cells enough open right now. when it opened in colorado the people in the county chipped in to buy the land because they wanted the jobs. this is the free market. the thing that bothers me more than anything is president obama's focus on closing guantanamo bay, and i think it was because of a promise he made earlier, instead of focusing on the fact that we have no coherent strategy to actually
2:09 am
deal with isis in the middle east. that is the root of yourour problem. >> lisa you were basically saying that a state that would take on these terrorists would have -- there would be threats against it essentially. >> well i think it could potentially put a target on the back of that state. we're talking about as i mentioned the individuals that are still left in guantanamo bay are the worst of the worst. and we absolutely -- i strongly believe in keeping guantanamo bay for those reasons to house these high-level terrorists. >> okay. that's got to be the last word. thanks guys. and cavuto on business up in about 20 minutes from now. neil, what have you got? >> hey, brenda. you might want to hold on to your wallet. while hillary clinton's new tax plan could mean bad news for you. it turns out we didn't just make a new deal with iran. what i if i told you a lot of side deals might have nuked this deal for all of us? see you at the bottom of the hour. >> you will. can't wait. up here first, forget the
2:10 am
cost of a wall. donald trump says building it
2:11 am
2:12 am
2:13 am
nairobi killing 200 people. i'm uma pemmaraju. donald trump going to the border and starting a border debate of his own. >> in certain sections you have to have a wall absolutely. >> and how would you -- >> by the way, the wall the wall will save you a tremendous amount of money. but you absolutely there are areas you have to have the wall. >> john is that right?
2:14 am
putting up a wall along key parts of the border would save us money? >> yes, but people get hung up on the wall. we're not going to build a wall thousands of miles. the chinese tried that. that doesn't work. we're talking about a combination of things. ronald reagan all the way to president obama have all said the same thing, that they were going to secure the border and all have not been successful at securing the border. we're not talking about -- mexico was our friend. illegals that come here this is not the problem we're talking about that they're simply looking for work. we're talking about the tens of thousands of murders and the crime and the gangs that are trying to infiltrate, go under, over the boarder to get into america and the problem, the potential of isis coming into that southern border. we need to do that for our own safety the citizens on border for mexico as well and secure that border for the first time would be safer for our country and would save us money due to the lack of crime. >> okay. sascha you support this? >> well between george w. bush
2:15 am
and president obama, the amount of illegals who are actually making it through has plummeted dramatically. and a lot of that has to do with the wall that already has been built. but it's put in the places where the border patrol and dhs says that it's effective, where there's the most traffic in urban areas. so you'ring to that that part has been effective, the rest is not going to be done because it doesn't make sense. >> lisa? do you agree? >> well look i don't think these comments -- i agree with those comments actually. i don't think there's anything wrong with building a fence. and, look i think ultimately the costs of illegal immigrants coming to this country is going to trump the cost of a fence. we've seen the fence -- look at san diego, for instance. the federal government built a fence around the border of san diego and tijuana, mexico and it's cut down illegal immigration by 90% there. so we know it works. it's meant to serve as a deterrent and to deter illegal
2:16 am
immigration. >> jonas, you've seen more creative ways. >> donald trump, it's going to be huge have brass, and smoke glass. it will not be cost effective because it will cost more billions than we already spent on the pieces we put together. you can go on the internet and see people driving trucks over it. it doesn't keep people out. but it has psychological benefits. people like to know it's there. if you took one of the $52 billion nuclear sub marines we're making right now for the eventual torpedo war with the soviets and put that into the wall, it won't be less of a use of money than that. both are to make us feel safe. that's all they do at the end of the day. in that case sure build a wall but i would make it more high tech not an old-fashioned chinese wall. it should be, you know -- they tried a few years ago and failed but we can get better technology tracking people vision et cetera then you don't need to confiscate the land from all the people and all the other costs that drive it
2:17 am
up. >> gary b. you don't like this idea. >> i think it's dumb. i agree with jonas' premise it would make people feel good but it's a $49 billion feel-good, the price basically to build it and maintain it. we have better uses for the money. and, look, in fact i would argue for the wall and the $49 billion if it proved to be effective. i disagree with lisa's numbers. when they built the wall in san diego, the number of people they had apprehended was the same as before and after the wall. what was happening in san diego, people were going around the wall going to arizona to get in. this doesn't even account for the 12,000 miles that we have of boarder in the north, the 4,000 miles that we have along the coastline. building a wall is a feel-good thing. jonas got that right. but it's a stupid thing because it doesn't work and in the end 9 97% of the illegal immigrants that try to get through, they get through. so why build a wall in the first place? >> john quickly.
2:18 am
20 seconds. last word. >> i think it will be very schism. we already have the best border guards in the world. they're just guarding borders in the middle east. put our troops on the southern border and shut it down. >> "cahin' in," eric what do you have coming up? >> hi brenda. 22 and ticked off. a tv anchor going off on president obama for his handling of his islamic extremism. do more millennials need to speak out? and why rand paul says he's killing the tax code to save our economy. "cahin' in," see you at 11:30. >> thanks eric. we'll be watching. up here first, you have leftovers in your fridge? this is
2:19 am
2:20 am
2:21 am
a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business.
2:22 am
fighting global warming in your fridge? democratic congresswoman nita lowey tweeting pushing leftovers to the back of the refrigerator has economic and environmental consequences. gary b. your say these lawmakers should be focusing on more important things than our leftovers? >> you know, brenda, i was going to try to be sarcastic, i was going to try to be funny, but, you know the whole thing is just so laughable. by the way, where should the leftovers go in the refrigerator? they're in the back. should they be in the front of the refrigerator or the side door? that's where we keep our leftovers, never to be seen again, by the way. but this is obviously a person that has too much time on their hands. this is why people hate
2:23 am
politicians. >> okay. jonas? >> what i learned from this knowledge pazzed on is the problem is when you throw out the food because we don't eat it it produces methane gas, which is bad for the environment. this week we got a report from famed scientist james hanson if you own florida real estate within your lifetime it's under water. that is kind of scary to me. i think it is good if we can see politicians teaching us something and not always blaming -- would you rather tax the leftovers or -- >> hold on. >> they're blaming consumers. it is our fault. >> john. keep your hands off my meat loaf. >> i need a politician to teach me something like i need a hole in my wallet. you've got to be kidding me. this is why people dislike politicians. she also put an earmark in to dredge a harbor so larger yachts can get in. she's not environmentally friendly. she should be work ong the budget. any wonder why we are so much in the red in the federal government?
2:24 am
this is horrible. get rid of all these bums. >> sascha? >> john that doesn't sound like a democrat. i'm shocked by that. this is silly. but to me twitter is silly except for everything you guys say, about 99% of twitter is ridiculous. there is an issue behind this which is nita lowey has been pushing for years to kai trito get expiration dates more consistent because the reality is we throw away 40% of our food in this country. and so the broupd to it beside the stupid tweet is that all of this food waste does it fills landfills, that sort of thing, bad for the environment, bad for your wallet. >> lisa? >> stay away from my leftovers. i mean my god, liberals are going after everything. look these comments are asinine, but so are president obama's comments that climate change is a bigger threat than terrorism. but the reason why they're asinine because they're rooted in left-wing fanaticism as
2:25 am
opposed to being rooted in reality. >> you know what if i didn't have domino's in my refrigerator leftovers tonight, my kids would not eat. stay away from the leftovers. if you want to get involved in this debate please do. join us on facebook. we'd love to hear from you. even though sascha doesn't like tweeting much. thanks guys. thank you to lisa and sascha for joining us. >> thanks. >> amazon bigger than walmart. get the new name ready to surge to new highs.
2:26 am
2:27 am
2:28 am
2:29 am
predictions. gary b. take it away. >> brenda amazon's bigger than walmart so online i think it's here to stay. i like ebay. >> jonas, bull or bear on ebay? >> bidding lower. >> john? >> don't chase the amazon stock here. google just had a recent pullback after a big surge. i think that's a chance to buy. i think it's up 15% in a year. >> gary b. bull or bear on that? >> i would say don't chase google stock, up a bazillion percent. bear. >> jonas? >> this week news the fda is going to make tougher labels on the sugar, you'll know you're eating too much of it even if you didn't know already, which seems for coca-cola, but they
2:30 am
have a piece of a good artificial sort of natural sweeteners. >> how much sugar have you had today? >> it's culled truvia. >> john bull or bear? >> domino's pizza and coke is my favorite meal. >> you're coming to dinner. neil is next. all right. forget about a sharp turn to the left did hillary clinton just take a sharp turn from her huh? >> for taxpayers in the top bracket, families earning more than $465,000 a year any gains from selling stock in the first two years would be taxed just like ordinary income. then the rate would decrease each year until it returns to the current rate. >> she's ready to hike ohio governor john kasich telling me she gets her way, this meager recovery takes a hike too. >> terrible idea. we need to do what

149 Views

info Stream Only

Uploaded by TV Archive on